Arizonatech Investors
- Assets
- $707.8k
- Revenue
- $112.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 11/2010
- Data as of
- 12/2022
- EIN
- 27-1070872
Organization Overview
Arizonatech Investors is located in Phoenix, AZ. The organization was established in 2010. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arizonatech Investors is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Arizonatech Investors generated $112.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $137.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE MEMBER INVESTMENT IN EARLY STAGE TECHNOLOGY COMPANIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARIZONA TECH INVESTORS BRINGS TOGETHER SELECTED GROWING INNOVATIVE STARTUP BUSINESSES WITH INDIVIDUALS WHO ARE INTERESTED IN INVESTING IN SUCH BUSINESSES. EACH YEAR, ATI SCREENS HUNDREDS OF APPLICANTS, SELECTS 12-20 TO PRESENT THEIR IDEAS AND OPPORTUNITIES TO THE MEMBER-INVESTORS IN 4-8 MEETINGS PER YEAR. ATI ALSO ORGANIZES FOLLOW UP MEETINGS FOR MEMBERS TO LEARN MORE ABOUT COMPANIES OF INTEREST TO THEM. THE COMPANIES OBTAIN SYSTEMATIC FEEDBACK FROM MEMBERS WHICH ENABLES THEM TO IMPROVE THEIR BUSINESS OPERATIONS AND PROSPECTS THEREBY STRENGTHENING THEIR ABILITY TO DELIVER PRODUCTS AND SERVICES THAT SOLVE HERETOFORE UNSOLVABLE PROBLEMS.
ATI PROVIDES OPPORTUNITIES FOR MEN AND WOMEN TO LEARN ABOUT AND TO INVEST IN EARLY STAGE COMPANIES. THROUGH COLLABORATIVE ANALYSIS AND DIALOGUE MEMBERS GAIN KNOWLEDGE OF THE OPPORTUNITIES AND THE TECHNIQUES OF EVALUATION OF NEW COMPANIES SOLVING PROBLEMS IN NOVEL WAYS. IN ADDITION, ATI PROVIDES EDUCATIONAL PROGRAMS TO DEVELOP INVESTORS' CAPABILITIES, AND ARRANGES FOR INTERESTED MEMBERS TO PROVIDING MENTORING TO VARIOUS COMPANIES.
IN 2022, ATI ORGANIZED A WHOLLY-OWNED SINGLE MEMBER LLC CALLED AZZ FUND TO ACQUIRE MEMBER INVESTMENTS IN INVESTMENT ENTITIES THAT INVESTED IN COMPANIES WHOSE PROSPECTS WERE DIM. IN THE HIGHLY UNLIKELY EVENT THAT ANY RETURNS ARE MADE FROM THESE INVESTMENTS, THE PROCEEDS, NET OF EXPENSES, ARE TO BE MADE AS UNRESTRICTED GIFTS TO THE ENTREPRENEURSHIP PROGRAMS AT THE THREE ARIZONA PUBLIC UNIVERSITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Goulka Chairman | OfficerTrustee | 45 | $0 |
Geoffrey Ossias Secretary | OfficerTrustee | 1 | $0 |
Brandy Altstadter Treasurer (from Mid-Year) | OfficerTrustee | 1 | $0 |
Michelle Tinsley Board Member | Trustee | 2 | $0 |
Ann C Damiano Board Member | Trustee | 1 | $0 |
David Mccaleb Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,000 |
| Total Program Service Revenue | $100,720 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $112,136 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,552 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $72,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,098 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,895 |
| Office expenses | $28,852 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,156 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,765 |
| All other expenses | $0 |
| Total functional expenses | $137,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $707,802 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $42 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $707,844 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $652,309 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,723 |
| Total liabilities | $658,032 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $49,812 |
| Total liabilities and net assets/fund balances | $707,844 |